steven achelis reference

Directional Movement

Overview The Directional Movement System helps determine if a security is “trending.” It was developed by Welles Wilder and is explained in his book, New Concepts in Technical Trading Systems. Interpretation The basic Directional Movement trading system involves comparing the 14-day +DI (“Directional Indicator”) and the 14-day -DI. This can […]

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Detrended Price Oscillator

Overview The Detrended Price Oscillator (“DPO”) attempts to eliminate the trend in prices. Detrended prices allow you to more easily identify cycles and overbought/oversold levels. Interpretation Long-term cycles are made up of a series of short-term cycles. Analyzing these shorter term components of the long-term cycles can be helpful in […]

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